1706 Rittenhouse Square

Plans for an ultra-luxury residential tower in Philadelphia’s historic Old City neighborhood were announced this week by Scannapieco Development Corporation, the developer behind the highly successful condos at 1706 Rittenhouse Square in Center City.

Preferred equity JVs can be an attractive way to invest in real estate transactions and earn high returns, but investors should consider certain protections in order to better secure their return on investment, argues Pircher, Nichols & Meeks Partner Michael Scheinberg.